Kabbage answers questions SMBs might have about using when it comes to latest government PPP fund.
Attempting to make feeling of the Paycheck Protection Program (PPP)? The mortgage system premiered because of the small company Association (SBA) at the beginning of April 2020 to aid smaller businesses keep their workforce used during .
Whenever initially produced by Congress, the PPP emergency relief investment allocated $349 billion for small enterprises. Nevertheless, in 12 brief days, those funds had been exhausted much less than 5% of Americaâ€™s small businesses had been offered.
Fortunately, on April 23, Congress passed yet another $310 billion to expand this program which help more smaller businesses access critical capital.
We asked Sam Taussig, Head of Policy at Kabbage â€” a fintech that is growing assisting small enterprises access PPP funds â€” to answer the concerns smaller businesses could have in regards to the new government funds. Read More